Peace of Mind
“There is no greater wealth than Peace of Mind.”
Financial stress is caused by the fear or uncertainty of not having enough money to buy the basic necessities of life or sustain a certain lifestyle.
Here are some steps you can take to help you achieve peace of mind
Knowledge is Power
A lot of anxiety comes from not knowing your financial situation. How much money do you have coming in and where is your money going. This is the first and most important step in reducing stress and having control over your financial future.
Prepare for Financial Uncertainties
Be prepared for unforeseen circumstances. Knowing that you have an emergency reserve is an important step in having financial peace of mind.
Eliminate “bad debt”
Until you gain control over your money, it will control you. Start the process of mitigating your debt so you can eventually eliminate your bad debt.
Control your cash flow
Separate your needs from your wants. Start by making sure there is enough money to cover all the necessities of life then plan for what you want.
Set your Goals
Give yourself some clarity. How can you arrive at your destination if you don’t know where you are going? Set your financial goals; give them a financial map and your committement.
Have a plan
A plan is the most important tool for financial success. Don’t just wander around, you might not like where you end up. The best way to predict the future is to plan for it.
Build your wealth
Money doesn’t give you happiness but it does give you choices. Put strategies in place to increase your wealth.
Protect yourself and your assets
You are your greatest asset – don’t leave yourself unprotected.
Commitment is to financial success as a battery is to a phone. It’s what gives it energy; makes it work. Take out the battery and it stops working. Stop committing to your finances and they fall apart.
Ask for help
You don’t have to do it all alone. Financial planning takes knowledge, experience and time. Getting the right help might be the wisest financial decision you can make.
Products or services related to investments, investment recommendations, financial planning, retirement planning, and investment reviews are provided through our mutual fund dealer Security Financial Services and Investment Corp. 4665 Yonge Street, Suite 309, Toronto, ON M2N 0B4 t 416.964.0440
Insurance sales are not conducted through Security Financial nor are they the business of Security Financial.
Insurance sales are conducted through Qualified Financial Services (QFS), a Managing General Agency.
All written content on this site is for information purposes only. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.